Whether the capital redemption reserve can be used for issueing bonus shares?
to know about the impact of capital redemption reserve
Rahul Krishnan (NA) (44 Points)
03 September 2008
Rahul Krishnan (NA) (44 Points)
03 September 2008Whether the capital redemption reserve can be used for issueing bonus shares?
Shubhankar Limaye
(B.Com.)
(174 Points)
Replied 03 September 2008
As per the provisions of Section 80(5) of The Companies Act, 1956, the amount standing at the credit of Capital Redemption Reserve may be utilised to issue fully paid bonus shares.
Rohini L
(Practising Chartered Accountant)
(34 Points)
Replied 08 October 2008
The purpose of creating CRR is to issue bonus shares
Rohini L
(Practising Chartered Accountant)
(34 Points)
Replied 08 October 2008
The purpose of creating CRR is to issue bonus shares
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